Raymond Casey

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Non-Carryover Pick Six Takeout Drops; OTB Balks

As some lawmakers and off-track betting corporations push for an increase in pari-mutuel takeout, New York regulators March 30 agreed to lower the takeout on certain pick six wagers at New York Racing Association tracks.

Takeout Rates Again Fuel Conflict in New York

Pari-mutuel takeout wars have begun in New York, where a state senator has introduced legislation to increase the amount the New York Racing Association keeps on wagers. Though the measure's sponsor said the takeout hike is needed to help stop NYRA's financial bleeding, NYRA chairman Barry Schwartz insists the legislation would turn off bettors and decrease purses.

New York OTB Rejoins NTRA

The New York City Off Track Betting Corporation (NYCOTB) has rejoined the National Thoroughbred Racing Association.

New York City OTB and Churchill Downs Team Up in Mystery Voucher Giveaway

The New York City Off-Track Betting Corporation and Churchill Downs are teaming up to giveaway 2,500 "mystery vouchers" on April 25. The vouchers will be distributed in front of NASDAQ headquarters at 43rd St. and Broadway before the opening of the market. Raymond Casey, president and CEO of NYCOTB and Tom Meeker, president and CEO of Churchill Downs, will assist in the giveaway.

New York City OTB to Mark Sept. 11 Anniversary

New York City Off-Track Betting Corp. said its two branches nearest to the World Trade Center site will be closed Sept. 11, the one-year anniversary of the terrorist attacks.

New York City OTB Has Big Belmont Day

New York City Off-Track Betting Corp. had the second-biggest day in its history on June 8, Belmont Stakes Day, with total handle of $7,850,099.

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